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1302 S Sandal Street Mesa, AZ 85206

3 Beds 2 Baths 1,273 sqft Built 1999

$325,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $255.30
  • 2 Days on Market
  • MLS # : 6174646
  • Updated Date : 12/26/2020 at 14:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Delightful single level home nested on an over-sized lot in Mesa is now on the market! This 3 bedrooms, 2 bathrooms property offers gravel/grass front yard, 2 car garage and RV gate and brand new exterior paint. Inside you will find a spacious living room, vaulted ceilings, wood floors, lots of natural light, and neutral paint. Eat-in kitchen includes stainless steel appliances, ample cabinets, pantry, and breakfast bar. Nice size master suite has bay window, plantation shutters, walk-in closet, and a bath with double sinks. Large backyard features a cozy covered patio, gravel, and the right amount of grass. Enjoy hosting fun gatherings! Don't miss out on this great deal, call & book a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonegate Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k318k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Stonegate Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181723

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mesa High School High Regular 3,406 155 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,199
Property Tax -$221
Property Insurance -$52
HOA -$49
Property Management Fees -$99
CASH FLOW
-$310

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,586

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5754$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 1302 S Sandal Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5738 E Garnet Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 5827 E Hopi Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.02
    •  
  • 5740 E Glade Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 5749 E Glade Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Rachel M Duran
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174646
Last Updated: 12/26/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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